Technology and Healthcare Sectors Supported Australian Market

On 27th October 2021, the broader stock market in Australia closed the trading session in green as significant buying was witnessed in the technology as well as healthcare sectors. Notably, ASX 20 and ASX 300 witnessed a rise of 0.17% and 0.05%, respectively. Also, ASX 200 encountered an increase of 0.07% to 7,448.70.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Performance of Indices:

ASX Midcap 50 Index closed at 9,404.10 points. This implies ~23.42%  growth in the past 1 year. 

S&P/ASX 200 vs S&P/ASX Midcap 50 Index vs ASX Small Ordinaries Index – One Year Return

Source: REFINITIV

Gainers and Losers:

In the release dated 26th October 2021, Reliance Worldwide Corporation Limited (ASX: RWC) presented the trading update for the 3 months ended 30th September 2021. The company witnessed sales growth over the pcp in all the 3 regions, and its reported net sales rose 8% overall to $246 Mn.

Whitehaven Coal Ltd. (ASX: WHC) rose by 4.04% to A$2.830 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Movement on Wall Street:

On 26th October 2021, NASDAQ Composite rose 0.06% to 15,235.72. Also, Dow Jones Industrials Average increased 0.04% to 35,756.88.

Note: The reference data in this article has been partly sourced from REFINITIV

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